SES (OTCMKTS:SGBAF) Coverage Initiated by Analysts at Bryan, Garnier & Co

Bryan, Garnier & Co assumed coverage on shares of SES (OTCMKTS:SGBAFGet Rating) in a research note issued to investors on Tuesday morning, The Fly reports. The brokerage issued a neutral rating and a €6.50 ($6.63) target price on the stock.

A number of other analysts have also issued reports on the company. Morgan Stanley raised their target price on SES from €9.00 ($9.18) to €10.00 ($10.20) in a report on Thursday, June 16th. JPMorgan Chase & Co. raised their price objective on SES from €8.40 ($8.57) to €10.00 ($10.20) and gave the stock a neutral rating in a research report on Wednesday, June 29th. Barclays reduced their price objective on SES from €9.60 ($9.80) to €9.00 ($9.18) in a research report on Friday, September 16th. Finally, Berenberg Bank raised their price objective on SES from €9.80 ($10.00) to €11.20 ($11.43) and gave the stock a buy rating in a research report on Friday, June 10th.

SES Stock Performance

SGBAF opened at $6.64 on Tuesday. The firm has a market capitalization of $3.75 billion, a P/E ratio of 6.71 and a beta of 0.94. The stock’s 50 day moving average price is $7.43 and its two-hundred day moving average price is $8.38. The company has a quick ratio of 1.16, a current ratio of 1.18 and a debt-to-equity ratio of 0.61. SES has a 12-month low of $6.33 and a 12-month high of $9.76.

About SES

(Get Rating)

SES SA provides satellite and ground infrastructure solutions worldwide. The company offers data connectivity services through its MEO and GEO satellite communication systems for aviation, maritime, cruise, energy, government, and telco and MNO industries. It also provides video services, including direct to home broadcast, occasional use, IP delivery, cable distribution, channel management, over the top (OTT), satellite distribution, hybrid TV platform, online video platform, content aggregation, SES 360, audience measurement and ad insertion, subscriber management, content distribution, production, value added, and real time booking services for broadcasters, platform operators, and sports organizations.

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